Page 18 - EurOil Week 26 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the company reported on June 27, citing
(NRG), in which the reader is invited to join his reaching retirement age and family
our team of international editors, who provide a circumstances.
snapshot of some of the key issues affecting their Leonid Fedun, a major Lukoil share-
regional beats. We hope you will like NRG's new holder estimated by Forbes to have an $8.2bn
concise format, but by clicking on the headline fortune, was a former Russian military
link for each section the full text will be available officer that went into the oil business after
as before. the breakup of the Soviet Union. He helped
privatise Lukoil in the 1990s.
AfrOil: NNPC Data Shows Huge Increase In
Nigerian Gasoline Subsidies GLNG: Germany Considers Expropriating
The Nigerian government spent nearly three Nord Stream 2
times as much on domestic gasoline sub- Germany is considering repurposing parts of
sidies in the first five months of 2022 as it Russia’s unused Nord Stream 2 gas pipeline
did in the same period of last year, accord- for importing LNG, Der Spiegel magazine
ing to Nigerian National Petroleum Co. Ltd reported on June 27.
(NNPC Ltd). The government in Berlin suspended
According to newly released data from the certification process necessary for Nord
NNPC Ltd, Abuja paid out NGN1.274 tril- Stream 2 to flow gas, days before Moscow
lion ($3.07bn) in gasoline subsidies between began its invasion of Ukraine.
January and May, 190.62% up on the figure
of NGN438.6bn ($1.06bn) recorded in the LatAmOil: Petrobras To Receive First Guya-
first five months of 2021. nese Oil Cargo
Brazil’s national oil company (NOC) Petro-
AsianOil: PetroChina Reportedly Weighing bras is due to take delivery of its first cargo
Exit From Australia, Canada of Guyanese light sweet crude for domestic
State-owned PetroChina is reported to be refining before the end of this week.
considering exiting its investments in Aus- In a statement sent to Reuters,
tralia and Canada in a bid to divert funds the company confirmed that its first
to more profitable opportunities elsewhere. 1mn-barrel load of Guyanese oil had
This follows a similar shift in focus for departed from the Liza-1 offshore field
another Chinese state-owned company, in mid-June.
CNOOC Ltd, which was reported in April
to be preparing to exit its operations in the MEOG:Calls For More Gulf Oil Output
US, UK and Canada. This week, MEOG includes coverage of calls
for oil producers to increase output while
DMEA: Nigeria Blames Refineries For Fuel services firms take Baghdad’s side in its bat-
Issues tle with the KRG.
In DMEA this week, we cover Nigeria’s fuel French officials this week called for
supply and price issues as its NOC makes its oil-producing countries to increase output,
first payment in the acquisition of a share in while suggesting that exports from Iran and
a new mega facility. Venezuela should be allowed to return to the
Managing director of the Nigerian market.
National Petroleum Corp. (NNPC) Ltd Mele
Kyari told the country’s House of Represent- NorthAmOil: Resource Boost And Refinery
atives (HoR) that issues with fuel prices and Confusion
availability should be blamed on state refin- This week’s NorthAmOil covers a major
eries being out of operation. resource boost for a Canadian oilfield and
accusations and claims about the auction of a See the archive and
FSUOGM: Fedun Leaves Lukoil Following Caribbean refinery. sign up to receive
Alekperov’s Lead Canada’s offshore Hibernia oilfield could *NRG Editor’s Picks*
The long-serving vice president of Rus- contain nearly 346mn barrels more than pre- for free by email each
sia’s biggest private oil producer Lukoil viously thought, according to a new resource week here
has stepped down from the position, estimate by the local regulator.

P18 www. NEWSBASE .com Week 26 30•June•2022